Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Reaches New 52-Week High – Here’s What Happened

Shares of Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) hit a new 52-week high during trading on Friday . The company traded as high as $45.88 and last traded at $45.88, with a volume of 2585 shares trading hands. The stock had previously closed at $44.29.

Franklin U.S. Low Volatility High Dividend Index ETF Stock Up 0.9%

The company has a 50 day moving average price of $43.41 and a 200-day moving average price of $42.85. The company has a market cap of $639.38 million, a price-to-earnings ratio of 16.71 and a beta of 0.58.

Franklin U.S. Low Volatility High Dividend Index ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Thursday, May 7th were given a dividend of $0.3228 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, May 7th.

Institutional Investors Weigh In On Franklin U.S. Low Volatility High Dividend Index ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after purchasing an additional 26,641 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Franklin U.S. Low Volatility High Dividend Index ETF in the 1st quarter valued at approximately $291,000. Arkadios Wealth Advisors lifted its holdings in shares of Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the first quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock worth $1,428,000 after buying an additional 20,981 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock worth $820,000 after purchasing an additional 9,668 shares in the last quarter.

Franklin U.S. Low Volatility High Dividend Index ETF Company Profile

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.